Nonfarm payrolls data came in hotter than expected, bolstered by other labor market indicators that suggest the FOMC won’t cut interest rates this year. The overall figure was more than double what was expected; unemployment fell to 4.1% and wages rose about 4%. Rising employment and wages signal that one Fed mandate has been met, … Read more
The Federal Reserve (Fed) cut interest rates again, making it the third straight cut in its last three meetings this year. Now there are many consequences that will flow from this latest twist as they make their way through the economy. One thing is for sure: stocks that contribute to this transition are likely to … Read more
The biotech sector recently saw a sharp reversal after a failed post-election breakout attempt. While most areas of the market have risen to new heights since Donald Trump’s election victory on November 5, biotech ETFs such as the iShares Biotechnology ETF. NASDAQ: IBB and SPDR Biotech ETF New York Stock Exchange: XBI stopped short of … Read more
Blogger and marketer Alina Rezanova, 33, walks with her eight-month-old son Igor during an interview with Reuters in the city of Yaroslavl, Russia, October 3, 2024. – Reuters Russia’s lower house of parliament voted unanimously on Tuesday to ban what authorities described as harmful propaganda for a childless lifestyle, in the hope of boosting the … Read more
After sharply raising rates to fight inflation, the Federal Reserve is signaling it will cut rates at a more measured pace. After a larger-than-usual 0.5 percentage point cut in September, the central bank’s rate-setting committee last week cut the benchmark rate by a further 0.25 percentage point. The Federal Reserve’s benchmark federal funds rate affects … Read more
We research all brands listed and may receive compensation from our affiliates. Research and financial considerations may influence how brands are presented. Not all brands are included. Find out more. As inflation continues to cool, yields on Series I savings bonds, also known as I bonds, are falling at the same time. On Friday, the … Read more
Following the rise in cross-border payments, Bank of America on Sunday introduced guaranteed exchange rates for up to one year, the longest term available in the industry. The growth of e-commerce businesses, services, manufacturing and the gig economy has led to a sharp increase in both the volume and value of cross-border payments in recent … Read more
It’s all but certain that the next move Americans see from the Federal Reserve will be a second interest rate cut. The real question is whether officials will “go big” again with another half-percentage-point reduction. The next rate decision won’t be announced until Nov. 7, but discussions are already very active about how much the … Read more
The Federal Reserve cut interest rates Wednesday for the first time since 2020 as it switched gears from battling high inflation to keeping the labor market healthy. The half-percentage-point cut was unusually large for the central bank — it tends to move rates up or down by a quarter-percentage point — but not entirely unexpected. … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. The wait is finally over. For the first time since March 2020, the Federal Reserve has cut short-term interest rates. On Wednesday, Fed Chairman Jerome … Read more